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Book Cover
Author Arnone, Marco, author

Title Primary dealers in government securities / Marco Arnone and Piero Ugolini
Published Washington, D.C. : International Monetary Fund, [2005]
Online access available from:
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Description 1 online resource (v, 92 pages) : illustrations
Contents Introduction -- Definition and findings -- Rationale for a preliminary dealer system -- Implications of establishing a primary dealer system -- Market structure and development -- Key prerequisites for a primary dealer system -- Operational issues in establishing a primary dealer system -- Evidence from the survey -- Appendix 1. Summary of primary dealer system characteristics -- Appendix 2. Complete survey results by country
Summary In the last 10 years there have been a growing number of countries that have established or are in the process of establishing a primary dealer system. This special issues paper discusses the role of primary dealers, as well as theoretical, operational, and technical issues related to the establishment of a primary dealer system, in the over all management of public debt for countries that may be considering taking this step. Drawing on a 2001 survey of country practices, the paper discusses the rationale, costs and benefits, key prerequisites, as well as selection criteria, obligations, and privileges of a primary dealer system. It also attempts to determine the conditions under which a primary dealer system would make a positive contribution to the functioning and development of the government securities market.--Publisher's description
Bibliography Includes bibliographical references (pages 91-92)
Notes Print version record
Subject Brokers.
Government securities.
Form Electronic book
Author Ugolini, Piero, 1946- author
International Monetary Fund.
ISBN 1451980329